B. Metzler seel. Sohn & Co. Holding AG Makes New $41.51 Million Investment in Advanced Micro Devices, Inc. (NASDAQ:AMD)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 252,970 shares of the semiconductor manufacturer's stock, valued at approximately $41,505,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC boosted its position in shares of Advanced Micro Devices by 17,137.3% during the third quarter. International Assets Investment Management LLC now owns 7,860,909 shares of the semiconductor manufacturer's stock worth $1,289,818,000 after buying an additional 7,815,305 shares during the period. Van ECK Associates Corp increased its stake in Advanced Micro Devices by 52.6% during the second quarter. Van ECK Associates Corp now owns 8,645,658 shares of the semiconductor manufacturer's stock worth $1,402,412,000 after purchasing an additional 2,979,204 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Advanced Micro Devices by 42.2% during the third quarter. Assenagon Asset Management S.A. now owns 8,420,766 shares of the semiconductor manufacturer's stock worth $1,381,679,000 after purchasing an additional 2,497,056 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of Advanced Micro Devices in the second quarter valued at approximately $296,178,000. Finally, Swedbank AB acquired a new position in shares of Advanced Micro Devices in the first quarter valued at approximately $290,842,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on AMD shares. Bank of America reissued a "buy" rating and issued a $180.00 price target on shares of Advanced Micro Devices in a research report on Thursday, October 3rd. Benchmark reissued a "buy" rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Thursday, October 31st. Cantor Fitzgerald reiterated an "overweight" rating and issued a $180.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. BNP Paribas upgraded shares of Advanced Micro Devices to a "strong-buy" rating in a research note on Wednesday, July 31st. Finally, StockNews.com cut shares of Advanced Micro Devices from a "hold" rating to a "sell" rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and a consensus target price of $192.79.

Advanced Micro Devices Price Performance

Shares of AMD stock traded up $0.46 during mid-day trading on Tuesday, reaching $139.39. The stock had a trading volume of 23,042,875 shares, compared to its average volume of 55,390,512. Advanced Micro Devices, Inc. has a 12-month low of $116.37 and a 12-month high of $227.30. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The business has a 50-day simple moving average of $154.53 and a 200 day simple moving average of $155.02. The company has a market cap of $226.20 billion, a P/E ratio of 124.91, a price-to-earnings-growth ratio of 1.87 and a beta of 1.71.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.92. The company had revenue of $6.82 billion during the quarter, compared to analysts' expectations of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The firm's quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.53 earnings per share. On average, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Lisa T. Su sold 80,000 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the transaction, the chief executive officer now owns 3,566,762 shares of the company's stock, valued at approximately $513,150,048.94. This represents a 2.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the transaction, the executive vice president now owns 293,347 shares in the company, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. 0.65% of the stock is owned by corporate insiders.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.